The EBRD is owned by 73 countries from five continents, as well as the European Union and the European Investment Bank. These shareholders have each made a capital contribution, which forms our core funding.
Each shareholder is represented individually on the Board of Governors of the EBRD which has overall authority over the Bank and sets its overall strategic direction. While retaining overall authority over the Bank, the Board of Governors has delegated the exercise of most of its powers to the Board of Directors. However, the Board of Governors remains solely responsible for determining membership to the Bank, changes in capital stock, appointment of Directors and the President of the Bank and decisions around financial statements and determining reserves and allocation of profits.
The Board of Governors have elected the Governor for Slovenia as Chair and the Governors for Iceland and Türkiye as Vice Chairs for 2024-2025.
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EBRD Shareholders
Member country |
Date joined |
Capital subscription |
Governor |
Alternate |
18 Dec 1991 |
30,010 |
Mr Ervin Mete |
Ms Adela Xhemali |
|
Algeria |
19 Oct 2021 | 2,030 |
Mr Laaziz Faid |
Mr Ali Bouharaoua |
7 Dec 1992 |
14,990 |
Mr Vahe Hovhannisyan |
Mr Eduard Hakobyan |
|
30 Mar 1991 |
300,140 |
Mr Jim Chalmers |
Ms Katrina Di Marco |
|
28 Mar 1991 |
684,320 |
Mr Magnus Brunner |
Mr Harald Waiglein |
|
25 Sep 1992 |
30,010 |
Mr Mikayil Jabbarov |
Mr Samir Sharifov |
|
10 Jun 1992 |
60,020 |
Mr Yury Chabatar |
Mr Andrei Kartun | |
10 Apr 1991 |
684,320 |
Mr Vincent van Peteghem |
Ms Caroline Gennez |
|
Benin |
10 Apr 2024 |
2,030 |
Mr Romuald Wadagni | Mr Hugues Oscar Lokoussou |
17 Jun 1996 |
50,710 |
Ms Borjana Krišto |
Mr Staša Košarac |
|
28 Mar 1991 |
237,110 |
Ms Lyudmila Petkova |
Mr Radoslav Milenkov |
|
28 Mar 1991 |
1,020,490 |
Ms Chrystia Freeland |
Mr David Morrison |
|
15 Jan 2016 |
29,000 |
Mr Gongsheng Pan |
Mr Changneng Xuan |
|
15 Apr 1993 |
109,420 |
Mr Marko Primorac |
Mr Stipe Župan |
|
28 Mar 1991 |
30,010 |
Mr Makis Keravnos |
Mr George Panteli |
|
1 Jan 1993 |
256,110 |
Mr Zbynĕk Stanjura |
Mr Aleš Michl |
|
28 Mar 1991 |
360,170 |
Mr Morten Bødskov |
Mr Jens Brøchner |
|
28 Mar 1991 |
21,010 |
Ms Rania Al-Mashat |
Mr Asem El-Gazzar |
|
28 Feb 1992 |
30,010 |
Mr Jürgen Ligi |
Mr Märten Ross |
|
28 Mar 1991 |
900,440 |
Mr Thomas Östros |
Ms Teresa Czerwińska |
|
28 Mar 1991 |
900,440 |
Mr Valdis Dombrovskis |
Mr Maarten Verwey |
|
28 Mar 1991 |
375,180 |
Ms Riikka Purra |
Mr Pasi Hellman |
|
28 Mar 1991 |
2,556,510 |
Mr Antoine Armand |
Mr Bertrand Dumont |
|
4 Sep 1992 |
30,010 |
Mr Lasha Khutsishvili |
Vacant |
|
28 Mar 1991 |
2,556,510 |
Mr Christian Lindner |
Mr Heiko Thoms |
|
29 Mar 1991 |
195,080 |
Mr Nikos Papathanasis |
Vacant |
|
28 Mar 1991 |
237,110 |
Mr Márton Nagy |
Mr Máté Lóga |
|
Vice Chair of the Board of Governors 2024-2025 |
29 May 1991 |
30,010 |
Mr Sigurður Ingi Jóhannsson |
Mr Sæmundsson |
India | 11 July 2018 | 9,860 | Ms Nirmala Sitharaman | Mr Ajay Seth |
Iraq | 14 Nov 2023 | 2,030 | Ms Taif Sami Mohammed | Ms Bareen Abdulsalam Quasim |
28 Mar 1991 |
90,040 |
Mr Jack Chambers |
Mr John Hogan |
|
28 Mar 1991 |
195,080 |
Mr Bezalel Smotrich |
Mr Shmuel Abramzon |
|
28 Mar 1991 |
2,556,510 |
Mr Giancarlo Giorgetti |
Ms Francesca Utili |
|
2 Apr 1991 |
2,556,510 |
Mr Katsunobu Kato |
Mr Kazuo Ueda |
|
29 Dec 2011 |
9,860 |
Ms Zeina Toukan
|
Mr Marwan Al-Refai | |
27 Jul 1992 |
69,020 |
Mr Madi Takiev |
Mr Dauren Kenbeil |
|
28 Mar 1991 |
300,140 |
Mr Sang Mok Choi |
Mr Chang Yong Rhee |
|
17 Dec 2012 |
5,800 |
Mr Hekuran Murati |
Vacant |
|
5 Jun 1992 |
21,010 |
Mr Daniiar Amangeldiev |
Mr Almaz Baketaev |
|
18 Mar 1992 |
30,010 |
Mr Arvils Ašeradens |
Ms Līga Kļaviņa |
|
17 Jul 2017 |
9,860 |
Mr Youssef El Khalil |
Mr Georges Maarrawi |
|
Libya | 16 July 2019 |
9,860 | Mr Mohammed Yousef Elzidani | Mr Mohammed Salem Mohammed Abu Dena |
28 Mar 1991 |
5,990 |
Ms Sabine Monauni |
Mr Markus Biedermann |
|
1992 |
30,010 |
Ms Gintarė Skaistė |
Mr Mindaugas Liutvinskas |
|
28 Mar 1991 |
60,020 |
Mr Gilles Roth |
Mr Arsène Jacoby |
|
28 Mar 1991 |
2,100 |
Mr Edward Scicluna |
Mr Clyde Caruana |
|
28 Mar 1991 |
45,010 |
Mr Rogelio Eduardo Ramírez de la O |
Mr Gabriel Yorio González |
|
5 May 1992 |
30,010 |
Mr Dumitru Alaiba |
Mr Octavian Armaşu |
|
9 Oct 2000 |
2,990 |
Mr Javkhlan Bold |
Mr Lkhagvasuren Byadran |
|
3 June 2006 |
5,990 |
Mr Novica Vuković |
Ms Andrijana Uli Rajović |
|
28 Mar 1991 |
24,640 |
Ms Nadia Fettah |
Ms Faouzia Zaaboul |
|
28 Mar 1991 |
744,350 |
Mr Eelco Heinen |
Ms Reinette Klever |
|
19 Aug 1991 |
10,500 |
Ms Nicola Willis |
Mr Struan Little |
|
North Macedonia |
21 Apr 1993 |
17,620 |
Ms Gordana Dimitrieska-Kochoska |
Mr Fatmir Bytyqi |
28 Mar 1991 |
375,180 |
Mr Trygve Magnus Slagsvold Vedum |
Mr Tore Onshuus Sandvik |
|
28 Mar 1991 |
384,180 |
Mr Andrzej Domański |
Mr Paweł Karbownik |
|
5 Apr 1991 |
126,050 |
Mr Joaquim Miranda Sarmento |
Mr José Carlos Azevedo Pereira |
|
28 Mar 1991 |
144,070 |
Mr Marcel-Ioan Boloș |
Mr Mugur Isărescu |
|
9 Apr 1992 |
1,200,580 |
Mr Maxim G. Reshetnikov |
Mr Ivan Chebeskov |
|
7 Jun 2019 |
2,030 | Mr Marco Gatti | Mr Maurizio Bragagni | |
19 Jan 2001 |
140,310 |
Mr Siniša Mali |
Mr Tomislav Momirović |
|
1 Jan 1993 |
128,070 |
Mr Ladislav Kamenický |
Mr Peter Kažimír |
|
Chair of the Board of Governors 2024-2025 |
23 Dec 1992 |
62,950 |
Mr Klemen Boštjančič |
Ms Nikolina Prah |
28 Mar 1991 |
1,020,490 |
Mr Carlos Cuerpo Caballero |
Ms Paula Conthe Calvo |
|
28 Mar 1991 |
684,320 |
Ms Elisabeth Svantesson |
Ms Johanna Lybeck Lilja |
|
29 Mar 1991 |
684,320 |
Mr Guy Parmelin |
Mr Dominique Paravicini |
|
16 Oct 1992 |
21,010 |
Mr Jamshed Karimzoda |
Mr Khurshed Ismailzoda |
|
29 Dec 2011 |
9,860 |
Mr Samir Abdelhafidh |
Ms Saloua Hsoumi Mejdoub |
|
Vice Chair of the Board of Governors 2024-2025 |
28 Mar 1991 |
345,150 |
Mr Mehmet Şimşek |
Mr Osman Çelik |
1 Jun 1992 |
2,100 |
Mr Myratdurdy Orazdurdyyev |
Mr Merdanguly Palivanov |
|
13 Aug 1992 |
240,110 |
Mr Sergii Marchenko |
Mr Andriy Pyshnyy |
|
United Arab Emirates | 23 Sep 2021 | 2,030 | Mr Mohamed Bin Hadi Al Hussaini | Mr Younis Haji Al Khoori |
28 Mar 1991 |
2,556,510 |
Ms Rachel Reeves |
Ms Anneliese Dodds |
|
28 Mar 1991 |
3,001,480 |
Vacant |
Mr Jose W. Fernandez |
|
30 Apr 1992 |
44,120 |
Mr Jamshid Khodjaev |
Mr Shukhrat Vafaev |